CH - 5 - XI - COST OF PRODUCTION & CONCEPTS OF REVENUE

Reduce Cost and Maximise Revenue!

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What are you going to learn in this chapter?
Introduction and Meaning of Cost
Various Concepts of Cost
Classification of Cost
Fixed Cost
Variable Cost
Total Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
Marginal Cost
Inter Relationship between AC and MC
Revenue - Introduction and Meaning
Types of Revenue
Total Revenue
Average Revenue
Marginal Revenue
Revenues under Perfect Competition
Revenues under Imperfect Competition


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